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U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 24F-2
ANNUAL NOTICE OF SECURITIES SOLD
PURSUANT TO RULE 24f-2
READ INSTRUCTIONS AT END OF FORM BEFORE PREPARING FORM.
PLEASE PRINT OR TYPE.
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1. Name and address of issuer:
SUMMIT INVESTORS PLANS
11 GREENWAY PLAZA, SUITE 1919
HOUSTON, TEXAS 77046-1173
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2. Name of each series or class of funds for which this notice is filed:
SUMMIT INVESTORS PLANS
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3. Investment Company Act File Number: 811-3444
Securities Act File Number: 2-76910
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4. Last day of fiscal year for which this notice is filed: OCTOBER 31, 1996
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5. Check box if this notice is being filed more than 180 days after the close
of the issuer's fiscal year for purposes of reporting securities sold
after the close of the fiscal year but before termination of the issuer's
24f-2 declaration: [ ]
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6. Date of termination of issuer's declaration under rule 24f-2(a)(1), if
applicable (see Instruction A.6):
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7. Number and amount of securities of the same class or series which had been
registered under the Securities Act of 1933 other than pursuant to rule
24f-2 in a prior fiscal year, but which remained unsold at the beginning
of the fiscal year:
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8. Number and amount of securities registered during the fiscal year other
than pursuant to rule 24f-2:
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9. Number and aggregate sale price of securities sold during the fiscal year:
$196,555,451
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10. Number and aggregate sale price of securities sold during the fiscal year
in reliance upon registration pursuant to rule 24f-2:
$196,555,451
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11. Number and aggregate sale price of securities issued during the fiscal
year in connection with dividend reinvestment plans, if applicable (see
Instruction B.7):
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12. Calculation of registration fee:
<TABLE>
<S> <C> <C>
(i) Aggregate sale price of securities sold during the fiscal year
in reliance of rule 24f-2 (from Item 10): $196,555,451
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(ii) Aggregate price of shares issued in connection with dividend
reinvestment plan (from Item 11, if applicable): +
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(iii) Aggregate price of shares redeemed or
repurchased during the fiscal year (if applicable): (63,610,226)
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(iv) Aggregate price of shares redeemed or repurchased and
previously applied as a reduction to filing fees pursuant to
rule 24e-2 (if applicable): +
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(v) Net aggregate price of securities sold and issued during the
fiscal year in reliance on rule 24f-2 [line (i), plus line
(ii), less line (iii), plus line (iv)] (if applicable): 132,945,225
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(vi) Multiplier prescribed by Section 6(b) of the Securities Act of
1933 or other applicable law or regulation (see Instruction
C.6): x 1/3300
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(vii) Fee due [line (i) or line (v) multiplied by line (vi)]: $40,286.43
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Instruction: Issuers should complete lines (ii), (iii), (iv), and (v) only if
the form is being filed within 60 days after the close of the
issuer's fiscal year. See Instruction C.3.
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13. Check box if fees are being remitted to the Commission's lockbox
depository as described in section 3a of the Commission's Rules of
Informal and Other Procedures (17 CFR 202.3a).
[XX]
Date of mailing or wire transfer of filing fees to the Commission's
lockbox depository:
DECEMBER 19, 1996
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SIGNATURES
This report has been signed below by the following persons on behalf of
the issuer and in the capacities and on the dates indicated.
/s/ JOHN J. ARTHUR
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By (Signature and Title)* John J. Arthur,
Treasurer
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December 20, 1996
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Date
* Please print the name and title of the signing officer below the
signature.
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LAW OFFICES
BALLARD SPAHR ANDREWS & INGERSOLL BALTIMORE, MD
1735 MARKET STREET, 51ST FLOOR CAMDEN, NJ
PHILADELPHIA, PENNSYLVANIA DENVER, CO
19103-7599 HARRISBURG, PA
TELEPHONE: 215-665-8500 SALT LAKE CITY, UT
FAX: 215-864-8999 WASHINGTON, DC
December 17, 1996
A I M Distributors, Inc.
Eleven Greenway Plaza
Suite 1919
Houston, Texas 77046
Re: Rule 24f-2 Notice - Summit Investors Plans
(Securities Act File No. 2-76910)
Gentlemen:
We have acted as counsel to A I M Distributors, Inc. ("AIM"),
a Delaware corporation, in its capacity as sponsor of Summit Investors Plans
("Summit"), a unit investment trust registered with the Securities and Exchange
Commission under the Investment Company Act of 1940 ("1940 Act").
AIM has requested our opinion as to the legality of periodic
payment plans ("Plans") which were issued by Summit during its fiscal year
ended October 31, 1996. We have been informed by Summit that Plans in the
aggregate face amount of $196,555,451 were issued from time to time during the
fiscal year ended October 31, 1996 under Prospectuses included as part of
Summit's Registration Statement on Form S-6, Securities Act File No. 2-76910.
In connection with giving our opinion, we have examined that
certain Custodian Agreement, dated as of May 1, 1996 and effective as of July
1, 1996 ("Custodian Agreement"), between AIM and State Street Bank and Trust
Company (the "Custodian") and originals or copies, certified or otherwise
identified to our satisfaction, of such other documents, records or other
instruments as we have deemed necessary or advisable for purposes of this
opinion. As to various questions of fact material to our opinion, we have
relied upon information provided by officers of AIM.
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AIM Summit Investors Plan
December 17, 1996
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Based on the foregoing, we are of the opinion that the Plans
issued by Summit during its fiscal year ended October 31, 1996 were, when
issued in the manner described in the Prospectuses referred to above, legally
issued, fully paid and non-assessable, subject to their respective terms.
Very truly yours,
/s/ BALLARD SPAHR ANDREWS & INGERSOLL
BALLARD SPAHR ANDREWS & INGERSOLL
